NY judge may weigh wider Madoff investor relief
Tuesday, December 30, 2008 : PermalinkDailyrecord.com – A judge presiding over civil claims filed against disgraced financier Bernard Madoff says he may be willing to consider extending relief from an investors’ fund to those who invested in Madoff’s business through third parties.
The SIPC, which was created by Congress and funded by the securities industry, can give customers up to $500,000 each if it is determined their money was stolen. A telephone message seeking comment from the SIPC was not immediately returned Monday.
Tags: bernard madoff, congress, dec 24, district judge, financier, formal application, goldenson, investor protection corporation, investors-fund, money, oas, securities-and-exchange, securities-and-exchange-commission, securities-industry, sipc, stanton, telephone message, third parties, trustee
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